ASSESSEE, IS NON-RESIDENT WANTS TO TRANSFER AMOUNT OF FIXED DEPOSIT IN INDIA TO FOREIGN COUNTRY, SO 15CA PART-D MAINTANCE OF HOUSEHOLD EXPENSES. IN THIS CASE, PROVISON OF SECTION 195 OR ANY OTHER PROVISION WILL BE APPLICABLE IN THIS REGARDS.

Sir,
We are not able to track the payments whether made within the dates specified under MSME ACT with regard to the newly inserted section.So how we can disclose the same in the tax audit report for the year

Can interest income from FDs and government bonds be offset against carried forward losses on trading in equity derivatives?

under income tax belated return filed ,
whether can be revised or Loss can be carried forward.

is rebate of income tax available for individual
under New regime and old regime for FY 2024-25
what is l;init under both the regime.

Hello,

Query: I have purchased a property and we are 2 seller 2 buyer and filled 4 Challans for TDS for both the sellers from both the buyers. Now on first buyer's challan the system did not show aadhaar of the sellers but it showed the aadhaar of the same sellers on the challan of the 2nd buyer TDS form. Although the PAN of both the sellers are Active and linked to their Aadhaar and verified through income tax portal. Can it happen due to system temporary glitch? What shall I do now? Shall I file 26QB rectification and enter the same PAN of the sellers again? Or just leave it as it is and the backend system will pick the linked Aadhaar while updating the details on TRACES?

Anuj Suryan

My wife is not working.. She has got some money from ancestral property and invested in debt funds in 2023dec. Now the debt fund is making capital gains of 8 lakhs.. We are thing to withdraw the money. How much tax should she pay?
If my wife keeps making 8 lakhs from debt fund every year, how much tax does she have to pay considering she is not working.

For debt mutual funds purchased before April 1, 2023,
(A) What is the minimum holding period for the gain to be considered long-term? Is it 24 months or 36 months?
(B) What is the tax rate on LTCG of debt mutual funds? Is it 12.5% without indexation?

The query pertains only to mutual funds bought before April 1, 2023

Sir,

Payments made for purchase or use of softwares like Tally.

Should the said payments be booked under "Royalty" or "Repairs and Maintenance"?

WE ARE RECEIVING NOTICE REGARDING DIFFERENCE IN 26 AS WHILE WE ARE ENTERING DATA OF VDA (VIRTUAL DIGITAL ASSET) IN CAPITAL GAIN.
PLEASE GUIDE US REGARDING THIS ISSUE